NEWFOUND BAY LIMITED

Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +32,323.1%

  £346,117 → £112,221,932

• Cash

  +128.1%

  £7,264,110 → £16,569,267

• Net assets

  +6,386.8%

  £7,200,626 → £467,092,791

• Employees

  0%

  2 → 2

• Operating profit

  +9,388.5%

  £356,553 → £33,831,638

• Profit before tax

  +9,280.5%

  £356,553 → £33,446,387

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. NEWFOUND BAY LIMITED 2005-04-13 → present
2. ALNERY NO.2502 LIMITED 2005-02-18 → 2005-04-13

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation, based on current and anticipated future performance, capital and liquidity position that the Company will continue in operational existence for a period of at least 12 months from the date of approval of the annual report and financial statements.”

Significant events

• “On 25 April 2024, the Company's board approved the change in operations of the Company to facilitate EUR denominated lending in the EMEA Mortgages business. To support this new business activity, the functional currency of the Company was changed from USD to EUR and as a result EUR 287K expense was recognised as an item of other comprehensive income for 2023. In addition, to fund the transfer of EUR 3,462M mortgage assets to the entity from the Swiss entity Blue Finn S.à.r.l., which is also a wholly owned subsidiary of BANA, the Company availed of an intercompany loan of EUR 2,962M from its parent and issued a further EUR 500M equity to its parent.”
• “As at 31 December 2024, the Company has undrawn commitments to third parties of €43,428,000 (2023: € NIL).”
• “On 25 April 2024, to support new business activity, the Company issued a further EUR 500M equity to its parent.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.